According to the Iranian regime’s Statistical Center, the point-to-point inflation rate of “food and beverage” group increased in November.
According to the report, among food items, red meat had a point-to-point inflation rate of over 82 percent, followed by various types of fish with a record inflation rate of 72.4 percent, making it the highest inflation rate among food items in the second month of autumn.
Point-to-point inflation refers to the percentage change in the price index compared to the same month of the previous year.
The 39.2-percent point-to-point inflation rate for households in the country means that, on average, households have spent 39.2 percent more than November of last year to purchase a “basket of goods and services.”
The report also indicates that the point-to-point inflation rate for food and beverages increased from 36.2 percent in October to 36.4 percent in November.
The Statistical Center of Iran also announced that the point-to-point inflation rate for food and beverage in urban areas during November was 36.7 percent, which increased by 0.3 percent compared to October.
In the report, the point-to-point inflation rate for the whole country in November was announced as 39.2 percent, which showed no change compared to October and indicated a halt in the downward trend of point-to-point inflation rate.
Monthly inflation in the food and beverage group doubled in November compared to October.
Accordingly, monthly inflation increased from 0.5 percent in October to 1 percent in November.
The Statistical Center stated in the report that the monthly inflation rate for the food group in urban areas during November increased from 0.3 percent to 0.7 percent.
The center announced the monthly inflation rate for the whole country in November as 2.3 percent and the annual inflation rate as 44.9 percent.
The annual inflation rate for the food and beverage group in the Statistical Center’s report for November was also announced as 52.2 percent, which decreased by 2.8 percent compared to the previous month.
The price increases have also affected other sectors of the country’s economy.
For example, in late October, the Statistical Center of Iran, after months of suspending the publicationof government statistics on the housing situation, reported that house prices in Tehran had increased by 75 percent in September of this year compared to the same month last year.
The suspension of housing statistics by the Statistical Center and the Central Bank has been in effect since last winter, while the Statistical Center’s report shows that in the past winter, the growth rate of housing prices suddenly intensified, and even in May, housing inflation reached 120 percent.
In August of this year, housing inflation was also above 84 percent.
